Indian Trail Area's Home Sales Increase 53.8% In May 2021!

By
Real Estate Agent with Coldwell Banker Realty

Latest news on the Indian Trail real estate market in May 2021 and what it means for you...

 

Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge has totally recovered from the effects of the pandemic and is without doubt a home seller's market. Home prices increased by double digits over May 2020, while days on market and inventory dropped significantly year-over-year.

 

Average home prices increased 14.3% to $352,137 in May 2021 compared with the same month one year ago. Average home prices were also up $30,000 month-over-month and $72,000 over May 2019. Median home prices increased 20.4% to $362,650 year-over-year. On a month-over-month basis median home prices increased $27,000 and $84,000 versus May 2019.  Price per square foot averaged $161 (up $23/square foot), increasing 16.7% year-over-year.

 

The months supply of homes for sale dropped to 0.8 months (down 57.9% from 1.9 months in May 2020 and down from 2.6 months in May 2019).

 

Inventory of homes also dropped 55.5% compared with the same month one year ago. New listings increased in May -- by 21.8% compared with the same time frame one year ago. Despite the increase in new listings, inventory of homes dropped and remained low.

 

Closed sales in May increased 53.8%, while pending sales increased 21.3%. Again, the increase in pending sales year-over-year is not surprising given the May 2020 lockdowns which put our real estate activity on hold.

 

The low inventory coupled with higher home prices and closed and pending sales are a testament to the recovery of the Indian Trail housing market after a dismal performance in the first couple of months of the pandemic.

 

Average days on market were 19 (down 36 days year-over-year).  Median days on market were just 3 (down 12 days year-over-year) in May. This, too, speaks to pent-up buyer demand and a recovered market for the Indian Trail housing market in May 2021.

 

At a median selling price of 104.4% of list price (up 5.5% from May 2020), Indian Trail home buyers should expect minimal room to negotiate, especially in Indian Trail's hottest selling communities.

 

 

Want to know what this would mean for your family if you decide to buy or sell an Indian Trail area home?

 

Wondering About Charlotte's Real Estate Market? Call Nina Hollander   

We can help.

Call us today at 704-779-0813 or contact us here.

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 MORE DETAILS ABOUT INDIAN TRAIL'S HOUSING MARKET PERFORMANCE

 

MORE DETAILS ABOUT STALLING'S HOUSING MARKET PERFORMANCE

   

 Indian Trail Area Housing Market Highlights

May 2021 versus May 2020

Indian Trail NC Housing Market Snapshot for May 2021

 

Indian Trail, NC is ranked as one of America's 50 Top Small Cities To Live In

CHECK OUT THE...

9 HOTTEST SELLING INDIAN TRAIL NEIGHBORHOODS 

 Hottest Selling Indian Trail Neighborhoods   

 

And did you know that Indian Trail's Porter Ridge Middle School is ranked in the top 20 middle schools in the Charlotte metro area?

 

SEARCH INDIAN TRAIL  HOMES  FOR  SALE

 

FREE Home Buyer Guide: “Things To Consider When Buying A Home”

   

WONDERING WHAT YOUR INDIAN TRAIL, NC HOME IS WORTH?

 What's My Indian Trail Area Home Worth? 

FREE Home Seller Guide: “Things To Consider When Selling Your House”

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

 

 Median Home Sale Price Trends For 28079 Zip Code 

     

 Median Home Sale Prices Trends For:

Indian Trail, Stallings, Hemby Bridge

 

This Charlotte, North Carolina real estate monthly update for the Indian Trail area in the 28079 zip code is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, your Charlotte metro area residential real estate experts and Indian Trail specialists. We've been opening doors for Indian Trail area home buyers and sellers for 20+ years.

 

If you're considering selling or purchasing a home in the Indian Trail area or anywhere in the the Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:

 "The Right Broker Makes All The Difference."

     

 

 

Read the original post at www.GreatHomesInCharlotte.com

 

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (14)

Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Nina Hollander, Broker  Wonderful Market report on Indian Trail as always 

Jun 15, 2021 08:28 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hannah Williams hi Hannah... thank you. We can safely say we are over the pandemic... at least when it comes to home sales in Indian Trail!

Jun 15, 2021 08:38 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- another informative market report for Indian Trail!!  There is so much information available but buyers and sellers should contact you to help guide them through this. 

Jun 15, 2021 10:07 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

And this is another wonderful report on Indian Trail is North Carolina.  Wishing many inquiries on this report. A

Jun 15, 2021 10:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... the market is more complex than many people realize. I try to distill the information in a way that's easy for people to understand quickly.

Jun 15, 2021 11:50 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... and thanks... and maybe your good wishes will garner me my first ever inquiry on a market report! 

Jun 15, 2021 11:51 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina I should be use to the crazy increasing numbers, but every time I see numbers like these I am still surprised.

Jun 15, 2021 01:35 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto I get it, George. I always have that little bit of shock myself when I see each month's numbers.

Jun 15, 2021 02:23 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Isn't it ironic that Indian Trail sales went up nearly 54% but inventory is so vey low. You gotta love this business Nina Hollander, Broker 

Jun 15, 2021 08:02 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Indian Trail home buyers and sellers are sure to value your real estate market report, Nina.

Jun 16, 2021 01:38 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... houses are selling as fast as they are coming on the market and that huge increase in closed sales is compared to May 2020 when we were still pretty much in lock down and homes were not being shown.

Jun 16, 2021 04:09 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good morning, Myrl... appreciate your stopping by... trust you've been having a wonderful week thus far.

Jun 16, 2021 04:10 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Those numbers for Indian Trail are stunning and 53.8% is quite a substantial increase.

Jun 16, 2021 04:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England hi Brian... and I remember the days when I used to have to talk people into looking at Indian Trail!

Jun 16, 2021 05:04 AM